Freehold Royalties Ltd (TSE:FRU) Price Target Increased to C$17.50 by Analysts at CIBC

Freehold Royalties Ltd (TSE:FRU) had its price target upped by stock analysts at CIBC from C$16.50 to C$17.50 in a research note issued on Tuesday, October 17th. CIBC’s price target suggests a potential upside of 15.28% from the stock’s current price.

Separately, Scotiabank increased their price target on Freehold Royalties from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$17.19.

Freehold Royalties (TSE:FRU) opened at 15.18 on Tuesday. Freehold Royalties has a 12 month low of $11.68 and a 12 month high of $15.22. The stock has a market cap of $1.79 billion and a PE ratio of 90.36. The stock’s 50 day moving average price is $14.66 and its 200-day moving average price is $13.81.

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About Freehold Royalties

Freehold Royalties Ltd. is a Canada-based company engaged in the development and production of oil and natural gas, predominantly in western Canada. The Company’s primary focus is acquiring and managing oil and natural gas royalties. The Company manages a non-government portfolio of oil and natural gas royalties in Canada.

Analyst Recommendations for Freehold Royalties (TSE:FRU)

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